China has 63,000 Internet finance companies

According to data from the professional version of Tianyancha, there are currently nearly 63,000 Internet finance-related companies in China.

According to data from the professional version of Tianyancha, there are currently nearly 63,000 Internet finance-related companies in China.

In terms of geographic distribution, Guangdong Province has the largest number of enterprises engaged in Internet finance business, with nearly 14,000, accounting for 22.32% of the total number of related enterprises in the country. Shanghai ranks second with nearly 6,000 companies, accounting for 9.38% of the total.

The total number of registrations of Internet finance-related enterprises in China has risen rapidly since 2012, and the annual registration growth rate in 2015 was as high as 127.18%.

More than 15,000 related companies were newly added that year, and both the growth rate and increment were the highest in history. After 2016, the growth rate of related company registrations has been maintained at 20-30%.

Interestingly, China’s financial education market has also become increasingly prosperous with the rapid development of the Internet financial industry.

According to data from the professional version of Tianyancha, there are currently nearly 4,800 financial education-related companies in China.

As of July 27, in accordance with industrial and commercial registration, China has added more than 3,500 financial education-related enterprises (all enterprise status) since July 2016.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/29/china-has-63000-internet-finance-companies/.

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